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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Electric who wrote (12259)	7/17/1998 9:48:00 AM
From: Chris	Respond to of 42787

SOLD MSFT... NO MORE MSFT. TIME FOR SLEEP.

To: Electric who wrote (12259)	7/17/1998 9:55:00 AM
From: Chris	Read Replies (1) \| Respond to of 42787

i love his index updates: I concur as well. CSS FINAL LIST - [New] Talk : Puts/Calls : Tech Stock Options \| Previous \| Next \| Respond \| To: Nemer (47951 ) From: donald sew Friday, Jul 17 1998 8:46AM ET Reply # of 47969 INDEX UPDATE -------------------------- Per my analysis, based on all my sub-systems, this market will continue to move up but not for too much longer. The top to arrive in the last week of JULY to the first week of AUGUST, and am actually targeting a 4 day window of JULY 30/31-AUG 3/4. The top in the DOW should be in the 9400-9500 range, so there should one more surge. I am getting more signals now that the immediate following decline will be swift and strong in nature, not one that is systematic and slower. More of a blow-off type of decline. I am suspecting that the decline could take us as low as 8600/8700 quickly. After the decline it will be a retest of the highs again. Such a decline, relatively speaking is not that large. If one looks back at the OCT 97 decline, the top was at 8181 and the bottom at 6975 which is a 1206 decline, and keep in mind that we are now about 14% higher. Also 500-700 point pullbacks were commom during the period of AUG 97-JAN 98. If the pullback is quick and strong it will shock many , but relatively speaking its no big deal. I guess what would add to the shock is the slow decline from this spring which took almost 3 months. Are we still in TRADING RANGE which is only getting larger or are we in a full blown uptrend. If one recalls, going back to MARCH, I was calling for a trading range of 9300-8750. If I am correct that the top will occur around 9400-9500 and then dip to 8600/8700, then I will conclude that we are still in a TRADING RANGE, which only got larger with the new range from 8600/8700-9400/9500 (700-900 point trading range(7-9%)). For the interim, I feel the the next 2-3 days there should be a very small pullback of 50-150 points, or just plain flatness, then the movement upwards to start around the middle of next week (TUE/WED/THUR) which should last about 4-6 days, then the top to occur during the 4 day period of JULY 30-AUG 4. Some of the factors which would negate a top then would be: 1) NYSE NEW HIGHs to consistently stay in the 200-300 range 2) ADVANCE/DECLINE to improve stongly and stay consistently high 3) UP VOLUME to improve strongly and stay consistent 4) SMALL CAPS to improve strongly, such as the RUT 5) INTEREST RATES to stay close to 5.5%-5.75% range. Don't know if too many are watching but the interest rates are climbing and just crossed 5.7%. 6) MONEY FLOW to remain at high levels. Keep in mind that if ASIA gives the image of starting to stabilize there should be a rally in the ASIAN markets, and some of the money to support their rally will come from U.S. and EUROPEAN markets which are at high levels(there are still value players around, not just momentum players -ggggggggggg). When we listen to the media the impression is that if ASIA improves we will have nothing to worry about and the market will continue to move up, rarely have I heard them talk about outflows of funds to support an ASIAN rally. In other words the FLIGHT TO SAFETY to the U.S. market to end as ASIA stabilizes and their market rallys some. Are we already seeing hints of that with our bond market dropping(interest rates rising) in light of good economic numbers. The last supply of HELIUM and HYDROGEN will push the DOW higher by another 100-200 points, and then the breather will start pulling the markets down. This will be a better time for trader who are willing to go long and short to make money. Seeya